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Dubai land prices up 184%
- United Arab Emirates: Tuesday, December 27 - 2005 at 13:51
The cost of development land in Dubai has increased by 184% over the last year and a half, with prices still rising, according to a survey by CB Richard Ellis and Construction Weekly magazine. The result could mean tighter margins for developers and contractors. There is also 53% less land available for sale now, compared to January 2004, according to the report.
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James McInerney, News EditorTuesday, December 27 - 2005 at 13:51 UAE local time (GMT+4)
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